WEBNF Westpac Banking Corp Ltd (PK)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

3 October, 2024

 

Commission File Number 1-10167

 

WESTPAC BANKING CORPORATION

(Translation of registrant’s name into English)

 

275 KENT STREET, SYDNEY, NEW SOUTH WALES 2000, AUSTRALIA

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F    x                   Form 40-F   ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 

Index to Exhibits

 

Exhibit No.		Description
1		ASX Release – Westpac enters into agreement to sell auto finance loan book

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	WESTPAC BANKING CORPORATION
	(Registrant)
Date: October 3, 2024	By:	/s/ Esther Choi
		Esther Choi
		Tier One Attorney

 

 

 

Exhibit 1

 

 

 

ASX Release	Level 18, 275 Kent Street Sydney, NSW, 2000

 

3 October 2024

 

WESTPAC ENTERS INTO AGREEMENT TO SELL AUTO FINANCE LOAN BOOK

 

Westpac has entered into an agreement to sell its auto finance loans and lease receivables to Resimac Group Limited (ASX: RMC, “Resimac”).

 

The sale is anticipated to complete in the first half of 2025, with an expected transaction value of $1.4 - $1.6 billion. It is not expected to have a material impact to Westpac’s financial statements.

 

The sale will finalise Westpac’s divestment of its auto finance business, following the partial sale in 2021.

 

For further information:

 

Hayden Cooper	Justin McCarthy
Group Head Media Relations	General Manager Investor Relations
M. 0402 393 619	M. 0422 800 321

 

This document has been authorised for release by Tim Hartin, Company Secretary.

 

 

 

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